Clara's Utility Function Is U(X, Y)= (X + 2)(Y

question 2

Multiple Choice

Clara's utility function is U(X, Y) = (X + 2) (Y + 1) .If Clara's marginal rate of substitution is -2 and she is consuming 10 units of good X, how many units of good Y is she consuming?

• A)2
• B)24
• C)12
• D)23
• E)5

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Definitions:

Aggression

Behavior intended to harm or injure another individual, either physically or psychologically.

Empirical Literature

Published research or studies that are based on observed and measured phenomena, derived from practical experience rather than theory or pure logic.

Analogue Measures

Tools or methods that simulate real-world processes or environments for the purpose of measurement or experimentation.

Generalise

The process of applying the results or conclusions from a specific instance to a broader situation or population.